Legal Question in Civil Litigation in California
Several months ago, I received a money judgment against a defendant from the small claims court. I plan to submit a memorandum of costs and interests to the small claims court and levy the defendant�s bank account. How do I calculate the daily interest?
Do I need to submit Acknowledgement of Satisfaction of Judgment to the court if the bank levy does not recover the total debt, daily interest, and collection costs?
1 Answer from Attorneys
The memorandum of costs is for claiming costs that you incurred in obtaining the judgment, such as filing fees. It is usually not required in small claims as the court instructs the clerk to enter the costs that you paid for filing fees and service on the judgment form. You may be referring to the memorandum for costs after judgment, which is filed before you obtain an abstract of judgment.
Interest is simple interest at 10 percent per year. You can divide a year's interest by 365 to get the daily interest.
You don't submit an acknowledgement of satisfaction of judgment if the bank levy does not recover the entire debt, interest, and costs.
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